Mexico Carbon Credit Market Size & Outlook, 2023-2030
Mexico carbon credit market, 2018-2030 (US$M)
Related Markets
Mexico carbon credit market highlights
- The Mexico carbon credit market generated a revenue of USD 230.1 million in 2023 and is expected to reach USD 2,027.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 36.5% from 2024 to 2030.
- In terms of segment, compliance was the largest revenue generating type in 2023.
- Voluntary is the most lucrative type segment registering the fastest growth during the forecast period.
Carbon credit market data book summary
| Market revenue in 2023 | USD 230.1 million |
| Market revenue in 2030 | USD 2,027.3 million |
| Growth rate | 36.5% (CAGR from 2023 to 2030) |
| Largest segment | Compliance |
| Fastest growing segment | Voluntary |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Compliance, Voluntary |
| Key market players worldwide | AltaGas Ltd, 3Degrees Group, Inc, Carbon Care Asia, CarbonBetter, ClearSky, EKI Energy Services, Finite Carbon, NativeEnergy, South Pole, Torrent Power Limited |
Other key industry trends
- Country-wise, UK is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. carbon credit market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 95,418.0 million by 2030.
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Carbon Credit Market Scope
Carbon Credit Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico carbon credit market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to carbon credit market will help companies and investors design strategic landscapes.
Compliance was the largest segment with a revenue share of 99.96% in 2023. Horizon Databook has segmented the Mexico carbon credit market based on compliance, voluntary covering the revenue growth of each sub-segment from 2018 to 2030.
The GHG emission in Mexico is continuously increasing. According to a report published by the Climate Action Taker in December 2022, the use of fossil fuels is being prioritized in Mexico. In addition, Mexico has updated its 2030 NDC target submitted in 2022, which would result in higher emission levels than the 2016 target mentioned under the Paris Agreement.
In Mexico, the buildings and aviation sectors are the major contributors of GHGs. In the building sector, Heating Ventilation, and Air Conditioning (HVAC) systems used in commercial and residential sectors account for heavy energy consumption.
According to the data published by the International Trade Administration (ITA) in November 2023, sustainable building technologies are the best prospect for Mexico. Renewable energy integration and energy efficiency are used in buildings to reduce GHG emissions.
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Target buyers of Mexico carbon credit market databook
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Our clientele includes a mix of carbon credit market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico carbon credit market , including forecasts for subscribers. This country databook contains high-level insights into Mexico carbon credit market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico carbon credit market size, by type, 2018-2030 (US$M)
Mexico Carbon Credit Market Outlook Share, 2023 & 2030 (US$M)
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